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freelance writing income

Freelance Writing and Rollercoaster Rides

by Amanda on February 1, 2010

freelance writing income can often be compared to a rollercoaster ride.  One month your income is up and the next it is down.  It’s a rollercoaster ride and one that more and more freelance writers want to get off.

Have you ever noticed what you do when your freelance writing income goes down?  What you do when your client list decreases?  What you do when you have no freelance writing jobs?

The answer to this is easy.  You start marketing.  You look for freelance writing jobs, you promote your services and you network with others.  When work is short you start looking for it.  What happens then is that all your hard work pays off and the next month your income is up.

Up and down, month after month, this is the rollercoaster ride for many freelancers.  If you want to change this and stay on the up you need to pay attention.  Have you ever noticed what happens when your freelance writing income is on the up?  What do you do when you have plenty of clients and plenty of work?

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If you are new to freelancing, finding and maintaining a client list is probably your top priority but I wanted to let you in on another little secret today and that is additional streams of income for freelance writers.

Let’s say you have been freelancing for a couple of months, maybe even a year. Things are going great and you’ve built up a steady stream of income from your clients. You have two maybe three high paying clients that you work with each month and things couldn’t be better. Now here’s where this post takes a twist. I want you to imagine a different scenario for a moment. I want you to ask yourself this question.

What would I do if my top three clients stopped needing work?

Can you picture it? Can you see what this scenario would do to your income? Would you still be able to pay your mortgage? Would you still be able to live the life you are enjoying? What would really happen to you if these clients disappeared?

You see, while it’s a great thing to have a client list you need to realise that as a freelance writer your clients shouldn’t be your only source of income. You should have some additional streams of income too. My latest e-book which is due out at the end of July is titled “Additional Streams of Income for Freelance Writers” and in it I share with you four alternative sources of income that I have every month. These additional streams of income provide me with a minimum of $400 each month and could do the same for you.

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